It might feel the same as flipping burgers on a large scale, but it’s treated as a different category of business with unique rules.

Sometimes I'm the maintenance guy, sometimes I'm the property manager, and sometimes I'm the "Big Cheese".

If I project where the hockey puck is going, it doesn't bode well for $1m in assets.btw, here in the San Francisco, they now have robotic coffee shops and burger joints. 

Backyard grilling.But with the COVID, no gill parties for a while.Still tastes good though....Steak and salad, hot dogs and burgers, Fajitas, Chicken, all good!

Even if it's just flipping burgers at the local restaurant.Squidward is on the opposite of end of that spectrum.

Pop 100k, near University (UCSC), anchored by safeway and a few retails, on major road for the city (27k traffic daily)Lease terms: 19 years leftRent increase: 1.75% after year 7Price: $2.47MCap: 4.5% (may be possible to go to 4.75-5%)Tenant: Burger King Operator: 65-Unit Franchisee Year Built: 1978Gross Leaseable Area: 1971 SFLot Size: 0.51 AcresAny thoughts on anything interesting?

Hays didn't ask to be here, they were "Hired"The money is gone for now, "It is what it is"In the mean time I have Gene o'neal tied up in my basement forced to watch Cops over & over again :superman: and Robert tied to a chair in my closet with a Junior's cheese cake dangling in front of him :protest: Ease up. it will come to an end eventually...

Flipping a contract is about the same as flipping burgers.

It's a betting man's game where I saw many lose it all last downturn in 2007.It's funny today you have all these investors (chasing the cheese) wanting cap rates of 6 years ago with the economic recovery of today.

I have a two bedroom 5 miles away from Dulles International Airport (IAD)  and 5 miles from Metro stations (DC Silver line)The property is 2 BR and has two Master Suites and a Full kitchen and Dining room.The Basement could easily hold another bedroom but there the laundry room would have to be refitted as a full bath.Purchase Price is $350K$1800 a year in insuranceTax rate is 1.15%Assume 4.5% mortgageHOA - $80PITI @ $2300Average Bedroom rate is $55 per nightAssume 20 nights per month 3 bedrooms$3300 steady state RevenueHere is the list of things i would be willing to pay for:Upgrade to Kitchen - Countertop and AppliancesUpgrade to basement - Put in Full Bath and Stacked washer/dryer 50 inch LED TV for living room and Basic Verizon FIOS for wifi and cable Utility support for six months$100 of Uber Gift cards for 12 months for your guestsGood Coffee and Great Meat & Cheese monthly baskets for 12 monthsMake sure your revenue matches $300 + PITI for the first six monthsWhat am i forgetting....i need to sell in August / September so i have some time to deliberate.